Harvest Minerals Limited Completion of Installation of Solar Power Facility (7822V)
16 Diciembre 2021 - 12:59AM
UK Regulatory
TIDMHMI
RNS Number : 7822V
Harvest Minerals Limited
16 December 2021
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector:
Mining
16 December 2021
Harvest Minerals Limited ('Harvest' or the 'Company')
Completion of Installation of Solar Power Facility to Supply
100% of Power Needs
Harvest Minerals Limited, the AIM listed remineraliser producer,
is pleased to announce that it has concluded the construction of
its solar power facility, which will meet 100% of the power
requirements at its Arapua Fertiliser Project in Brazil
('Arapua').
Overview
-- Power generation to supply 100% of Arapua's power needs.
-- Estimated 7% savings in Operating expenditure (mining, processing)
due to lower energy costs v's FY21 figures.
-- Energy prices per KW/h set to increase significantly in future
years; project completion mitigates possible adverse effects
on operating margins.
-- Installation of S olar power facility completed in under three
months.
-- Significantly advances Company's strategy to make Arapua carbon-free
and ESG agenda.
Brian McMaster, Chairman of Harvest, said, "Our zero-carbon
strategy takes a big step forward with the completion of the
installation of our solar power facility. We will experience
immediate impact on the reduction of our carbon footprint as well
as in the bottom line with substantial and ongoing cost savings. In
the year we qualified for the London Stock Exchange's Green Economy
Mark, this achievement is another big statement to our commitment
to ensuring our operations and products are as sustainable as
possible ."
Further Information
Harvest has finalized the construction of its solar power
facility installed located beside Arapua's producing plant and
storage facilities. The plant has capacity to supply 100% of
Arapua's power needs, including mining, processing, and
administration facilities. In total, 276.79 kilowatts peak (kWp)
were installed, including 622 solar modules of 445 Wp each. The
Company is now working with Cemig (Companhia Energética de Minas
Gerais S.A) - Minas Gerais state power company - to connect the
solar plant to the power grid, which is expected to be completed in
January/February 2022.
Capacity has been planned according to Harvest's targeted
production/sales growth for the next year, however, the modular
design of the project will enable capacity to be increased as
production is ramped up.
It is estimated that energy operating expenditure (mining and
processing) will be reduced by 7% due to a sharp reduction in
energy costs, thus increasing Harvest's profitability.
**ENDS**
For further information, please visit www.harvestminerals.net or
contact:
Harvest Minerals Limited Brian McMaster Tel: +44 (0)20 3940
(Chairman) 6625
Strand Hanson Limited James Spinney Tel: +44 (0)20 7409
Nominated & Financial Ritchie Balmer 3494
Adviser Abigail Wennington
Shard Capital Partners Damon Heath Tel: +44 (0)20 7186
Broker 9900
St Brides Partners Ltd I sabel de Salis E : info@stbridespartners.co.uk
Financial PR Oonagh Reidy
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END
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December 16, 2021 01:59 ET (06:59 GMT)
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